Our Board of Directors is our highest governance body. It establishes our company’s vision, mission, values and strategic direction, as well as monitor the implementation of the corporate strategy and the overall corporate performance of the company to ensure transparency, accountability, integrity and fairness, and to protect the long-term interests of our stakeholders. The Board, through its various committees, also oversees and conducts a review of our overall risk management systems, and our material controls, covering operational, financial, and compliance areas. Finally, it approves operating expenses and capital budgets, major acquisitions and disposal of assets, major investments, and changes in authority and approval limits. In 2016, we updated our mission, vision, and values as well as reviewed our business strategies to reinforce our commitment to our purpose as a sustainable business for our customers and stakeholders.

 

The thrust for a CG proactive business culture emanates from the top. The Board of Directors, as part of its functions and responsibilities, leads, develops and reviews Globe strategic direction and business strategies regularly. The committees created to support Board functions serve as venues to discuss business strategies and Globe strategic direction, among other business matters, in relation to the specific responsibilities of each committee. Management is entrusted with implementation and close monitoring of Board-approved business strategies, and is likewise tasked to conduct Globe business with the highest CG standards and conduct.

 

BOARD COMPOSITION

 

Eleven board members are elected and hold office for the ensuing year until the next annual stockholders’ meeting (ASM). The President and CEO is elected as the sole executive director while the other members as non-executive directors who are not involved in the day-to-day management of business. Among the board members are three independent non-executive directors. Our independent directors, as defined in our MCG, are independent of the company, from management and major/substantial shareholders and are free from any business or relationship that could materially interfere in their exercise of independent judgment in carrying out their responsibilities as directors.

 

As part of our CG best practices and in implementation of our Board diversity policy in the workplace, we have at least one female independent director in the Board. None of our independent directors serve in more than five boards of publicly listed companies and have served the company in the same capacity for more than nine years. Our executive director does not serve any other publicly-listed company’s board.

 

The board members are highly qualified and have the ability to thoroughly examine issues and matters that affect the company. Prior to election, the Nomination Committee, chaired by an independent director, reviews the qualification of each member. As necessary, we use professional search firms or other external sources of candidates (such as director databases set-up by director or shareholder bodies) when searching for candidates to the Board of Directors. Furthermore, as stated in our Board diversity policy, no director or candidate for director shall be discriminated upon by reason of gender, age, disability, ethnicity, nationality or political, religious, or cultural backgrounds. As such, we have a very diverse mix of directors from different ethnic backgrounds and nationalities with professional backgrounds and experience in various industries other than the telco industry such as accounting and audit, sales and marketing, network operations, IT solutions, customer and services management, corporate governance and strategic planning, as well as educational backgrounds that include biochemistry, business administration, marketing and finance, metallurgical engineering, and mathematical sciences, among others. Our directors’ profiles are identified below:

 

PROFILE OF DIRECTORS

Jaime Augusto Zobel de Ayala
Chairman, Non-executive Director

 

  • Globe Director since March 1989 and last re-elected on April 13, 2016
  • Globe Board Committee membership:
  • -Executive Committee (Chairman)

  • Number of directorships in other publicly-listed companies: 5

Lang Tao Yih, Arthur
Co Vice-Chairman, Non-executive Director

 

  • Co-Vice Chairman, Non-executive Director
  • Globe Director elected for the first time on April 18, 2017
  • Globe Board Committee memberships:
  • - Executive Committee

    - Compensation and Remuneration Committee

  • Number of directorships in other publicly-listed companies: 1

Fernando Zobel de Ayala
Co Vice-Chairman, Non-executive Director

 

  • Globe Director since October 1995 and last re-elected on April 13, 2016
  • Globe Board Committee memberships:
  • - Compensation and Remuneration Committee

    - Finance Committee

  • Number of directorships in other publicly-listed companies: 4

Ernest L. Cu
Executive Director, President and CEO

 

  • Globe Director since April 2009 and last re-elected on April 13, 2016
  • Globe Board Committee membership:
  • - Executive Committee

  • Number of directorships in other publicly-listed companies: none

Delfin L. Lazaro
Non-executive Director

 

  • Globe Director since January 1997 and last re-elected on April 13, 2016
  • Globe Board Committee membership:
  • - Finance Committee

  • Number of directorships in other publicly-listed companies: 4

Samba Natarajan
Non-executive Director

 

  • Globe Director since April 7, 2015 and last re-elected on April 13, 2016
  • Globe Board Committee memberships:
  • - Executive Committee

    - Finance Committee

  • Number of directorships in other publicly-listed companies: none

Romeo L. Bernardo
Non-executive Director

 

  • Globe Director since September 2001 and last re-elected on April 13, 2016
  • Globe Board Committee memberships:
  • - Compensation and Remuneration Committee

    - Finance Committee

  • Number of directorships in other publicly-listed companies: 4

Jose Teodoro K. Limcaoco
Non-executive Director

 

  • Globe Director and first elected on April 13, 2016
  • Globe Board Committee membership:
  • - Executive Committee

  • Number of directorships in other publicly-listed companies: 2

Rex Ma. A. Mendoza
Non-executive and Independent Director

 

  • Globe Director since April 8, 2014 and re-elected on April 13, 2016
  • Globe Board Committee membership:
  • - Nomination Committee (Chairman)

    - Compensation and Remuneration Committee (Chairman)

    - Audit Committee

  • Number of directorships in other publicly-listed companies: 1

Manuel A. Pacis
Non-executive and Independent Director

 

  • Globe Director since April 2011 and re-elected on April 13, 2016
  • Globe Board Committee memberships:
  • - Nomination Committee

    - Audit Committee (Chairman)

  • Number of directorships in other publicly-listed companies: none

Saw Phaik Hwa
Non-executive and Independent Director

 

  • Globe Director since April 7, 2015 and re- elected on April 13, 2016
  • Globe Board Committee memberships:
  • - Audit Committee

    - Nomination Committee

  • Number of directorships in other publicly-listed companies: 1

Click here to view the Certifications of Independent Directors.

Board of Directors

  • Jaime Augusto Zobel de Ayala

    CHAIRMAN

  • Fernando Zobel de Ayala

    CO-VICE CHAIRMAN

  • Lang Tao Yih, Arthur

    CO-VICE CHAIRMAN

  • Ernest L. Cu

    DIRECTOR, PRESIDENT AND CEO

  • Delfin L. Lazaro

    DIRECTOR

  • Samba Natarajan

    DIRECTOR

  • Romeo L. Bernardo

    DIRECTOR

  • Jose Teodoro K. Limcaoco

    DIRECTOR

  • Rex Ma. A. Mendoza

    INDEPENDENT DIRECTOR

  • Manuel A. Pacis

    LEAD INDEPENDENT DIRECTOR

  • Saw Phaik Hwa

    INDEPENDENT DIRECTOR